Tax Bites Podcast: One year after the publication of the Fit For 55 Package – Where do we stand?
One year after the publication of the Fit For 55 Package – Where do we stand? On 14 July 2021 the European Commission published its ambitious Fit For 55 Package. Tune in if you want to know where we stand today regarding the tax measures included in the Fit For 55 Package and how the
Early indications of the direction of travel for broad tax reform
On Tuesday 5 July 2022, Professor Delanote of the University of Ghent published his vision note regarding the broad tax reform. The note includes recommendations for potential amendments in the scope of a broader tax reform. The note was drafted at the request of several ministers, however, there is no consensus among the Federal and/or
EU Green Deal update – Agreement by the European Parliament on the key Fit for 55 proposals and common position on the Corporate Sustainability Reporting Directive
On Wednesday, June 22, the European Parliament adopted some key elements of the Fit for 55 Package, namely the EU Emission Trading System (ETS), the Carbon Border Adjustment Mechanism (CBAM) and the Social Climate Fund. One day before, the European Parliament and the Council also reached a provisional agreement on the Corporate Sustainability Reporting Directive.
VAT return and intra community sales listing : extended filing due dates for the summer period
While it became an habit for the Tax Authorities to grant an extension for the filing of VAT returns and intra community sales listing due during the summer months, 2022 brings an additional (short) extension for the filing of the September and third quarter returns. These extended due dates however do not exempt the tax
The Luxembourg Reserved Alternative Investment Fund (RAIF) – Updated
Luxembourg RAIFs are increasingly used in order to provide debt funding for acquisitions. Until recently it was uncertain how interest paid by a Belgian company to a RAIF is to be treated from a Belgian withholding tax perspective. Two recent decisions of the Belgian Supreme Court provide more clarity. The RAIF Regime In 2016, Luxembourg
Key real estate issues in the due diligence process of M&A transactions raised by the New Property Law
Following the New Property Law of 4 February 2020 (which entered into force on 1st September 2021), important changes were introduced regarding amongst others long term lease rights and building rights. These changes can also have an impact on M&A transactions, for certain topics more flexibility is created whereas for other topics the New Property Law is more strict. Learn more
The EU is accelerating the green transition: REPowerEU and ETS/CBAM update
Last week was an important week for the EU’s Green Deal ambitions. On Tuesday 17 May the European Parliament ENVI Committee adopted updated proposals on CBAM and the ETS reform. And the following day the European Commission presented its REPowerEU plan. What is the REPowerEU Plan and why should you care? The aim of the
German- Belgian Colloquium on global tax reform: a status update on the OECD Two Pillar Approach
On May 23rd, 2022 the Belgian and German tax authorities organized a colloquium on the two-pillar approach. The colloquium was held in Brussels and was hosted by Mr Hans D’Hondt, Chairman of the Management Committee of the Belgian Federal Public Service Finance. The colloquium was opened by Mr D’Hondt and Mr Martin Kotthaus, Ambassador of
